Capital Investment Advisors LLC boosted its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX – Free Report) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,746 shares of the investment management company’s stock after acquiring an additional 1,496 shares during the quarter. Capital Investment Advisors LLC owned 0.50% of ArrowMark Financial worth $740,000 as of its most recent SEC filing.
Separately, Falcon Wealth Planning purchased a new stake in shares of ArrowMark Financial during the second quarter valued at $264,000. Hedge funds and other institutional investors own 24.93% of the company’s stock.
ArrowMark Financial Stock Down 0.5 %
BANX stock opened at $20.48 on Monday. ArrowMark Financial Corp. has a 12 month low of $16.28 and a 12 month high of $21.67. The firm’s 50-day moving average is $20.33 and its 200 day moving average is $19.22.
ArrowMark Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.45 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.79%.
ArrowMark Financial Company Profile
(Free Report)
ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.
Further Reading
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